Seably acquires award-winning WellAtSea, reinforcing its commitment to improving seafarer welfare

11 October 2022 Gothenburg, Sweden.  Swedish-based Seably, the leading global digital training community marketplace for the maritime industry, has acquired award-winning company WellAtSea. The health and technology business is Head Quartered in Denmark and was founded to encourage seafarers' sustainable health and lifestyle changes.

WellAtSea's operational base is in Manila, under the supervision of Gisa R. Paredes, M.A., RPsy, a Board Member and the lead program designer. It currently employs 27 people and has partnered globally with ship owners on over 450 vessels helping more than 17,000 seafarers, which is continuing to grow daily.

This acquisition by Seably is part of its strategic plan for growth and strengthening its standing in the maritime sector and reinforces its commitment to improving seafarers' welfare. Both companies will retain separate branding and independent operations whilst benefiting from each other's innovation and efficiencies through shared Seably back-end support and investment. With the Manilla office integrated into the Seably network, both companies will offer 24-hour support.

Andrea Lodolo, CEO of Seably, stated, "I am excited by this acquisition and the opportunities it brings, as both organisations, Seably and WellAtSea, recognise the importance of wellbeing and physical health for seafarers. This investment in WellAtSea is the beginning of Seably's journey of growth as it expands its SaaS product range. By combining the two companies, the opportunities are boundless."

Claus Sonderskov, MD, CEO and Board Member of WellAtSea, declared, "The acquisition will enhance our joined strengths, offerings and impact. Seably is the future for maritime learning and development using the latest technology. WellAtSea provides easy-to-implement, platform-driven tailored programmes with a proven positive effect on the seafarers' physical and mental health and overall wellbeing for companies of any size that employees enjoy using. Together, we will provide immense value for seafarers and promote more inclusivity within the industry."

Gisa R. Paredes, M.A., RPsy, said: "As the seafarers' shortage grows, crew retention will be even more critical. Health and wellbeing are key factors in keeping and retaining crews. Yet, 25% of seafarers in a Patient Health Questionnaire had scores suggesting they were suffering from depression, with 17% presenting anxiety symptoms on the Generalised Anxiety Disorder scale.* We can estimate that the costs facing companies for illness, medical repatriation and Death of a Seafarer can range anywhere from 25,000 - 105,000 Euros. This is why we must continue and expand on our work which Seably's acquisition will now accelerate."

Seably investment in WellAtSea will allow the company to grow its SaaS products range with a focus on improving mental resilience and enhancing the physical state of the seafarer's health. The WellAtSea Program has a high utilisation rate of 84% on all ships enrolled, where up to 50% of the crew on board are engaged in the program at any given time. The acquisition is key to Seably's expansion plans for the coming years, as it aims to provide seafarers and ship owners with a full range of digital SaaS products.

Seably launched by The Swedish Shipowners' Association in September 2020, is a unique online marketplace offering educational content for the maritime industry. It engages learners through easy-to-understand content delivered online or offline via an app, PC and mobile device. Complex and highly technical material is presented in various learning styles, including 3D and video, eliminating cultural barriers to learning. In addition, the high-tech platform uses iris recognition for learners for STCW-approved courses to avoid fraudulent behaviour.

WellAtSea was founded in 2017. It was established to improve the overall wellbeing of the seafarer through continuous and sustainable organisational change. Its proven, evidence-based programmes are designed and created by health experts to help safeguard all seafarers' mental and physical wellbeing, on and offshore. Through WellAtSea, seafarers can access specialised health education, team and fitness activities and mental health support.

*Lefkowitz, R.Y. & Slade, MD, 2019

sue@seably.com

+ 44 207 689 9009 or +44 7770 755201

About Seably

Seably - www.seably.com - is the first independent maritime digital marketplace with high-quality courses and a thriving online community. The platform launched by The Swedish Shipowners' Association in September 2020 engages learners through easy-to-understand content delivered using an app, PC and mobile device, online or offline. Complex and highly technical material is presented in various learning styles, including 3D and video, eliminating cultural barriers to learning. To avoid fraudulent behaviour, the high-tech platform uses iris recognition for learners for STCW-approved courses.

The Swedish Shipowners' Association pioneered Seably to meet the members' demands for training that they felt was not being offered to them, from seafarers for seafarers.

Seably has a unique position of being recently awarded DNV SeaSkill™ standard ST-0595 certification for its digital platform, the only one in the world currently to have this standard.

•             Seably for Business with Company-own in-house online digital training that drives high professionalism and productivity onboard

•             Seably for Superyachts, the all-in-one online digital training platform with specialised material for captains and crews

•             Seably Marketplace for exclusive and dedicated courses developed collaboratively with partners and industry specialists. Uniquely it has a shared revenue algorithm for the community of course providers.

Seably provides affordable and free access to the latest maritime training and development for real-life learning. Created by seafarers for seafarers, it delivers effective immersive learning for the maritime sector in a unique, digitalised, and online format, available virtually anywhere in the world. Uniquely, it has a shared revenue algorithm for the international community of course providers. The Seably platform can be accessed online and offline, at any time on land or at sea using apps, PCs and mobile devices.

About WellAtSea

WellAtSea - www.wellatsea.com - is a start-up company that aims to improve the overall well-being of the seafarer by introducing continuous and sustainable organisational change, with offices in Denmark and Manila. The tailored programs they develop are specially designed and created by their health experts – medical doctors, physiotherapists and psychologists.

They have dedicated project coordinators for each client who directly engages the fleets and ensures that the programme runs effectively on the ships.